THE trend is weak, downward pressure is significant, and short sentiment dominates!
Current data shows that THE overall trend is downward. Although there have been periodic increases before, it has never been able to effectively break through the Bollinger Bands. From the perspective of the moving average system, the MA indicator formed a typical "three-line dead cross", and the Bollinger Bands gradually opened downward, further confirming the weak pattern of the market.
On-chain data shows that selling orders have increased significantly, the demand for declines in the short cycle is still strong, and short-selling power is continuing to accumulate. At this time, you need to be extremely cautious in your operations, and following the trend is the key strategy to deal with market fluctuations.
I am Mr. Qiu, and I will help you see through the market direction and make decisions more calmly!
